2010 shows business failures tumbled 13% from a year ago. That’s a welcome bit of good news after three straight annual increases. Dun & Bradstreet says more than 87,000 businesses failed last year – which is still more than failed in 2006 and 2007 combined.
The numbers should decline further in 2011. Dun & Bradstreet says business failures — which include but aren’t limited to bankruptcy filings — rise during recessions and fall as growth gains steam.
Still, the signs in the U.S. economy are mixed, if generally on the favorable side. Unemployment has started falling and there are signs businesses are hiring. On the other hand, the construction industry continues to get worse.
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